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The IRCJ has been acting too slowly and on too small a scale to make much of a difference. IRCJ Sets Off Moves by Banks & Buyout Firms that Accelerate Restructuring Process Japan's new Industrial Revitalization Corporation (IRCJ) is moving to revitalize struggling companies that can reorganize themselves in three years. But we were skeptical even before the corporation was established and this skepticism has so far proven correct--the IRCJ is still muddling about with relatively minor, local corporate revitalizations. |
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